Cryptocurrency THORChain Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
THORChain's cryptocurrency, RUNE, has seen a 5.34% decrease in price over the last 24 hours, continuing a weekly downward trend of -10%. The trading volume has decreased by 32%, while the circulating supply has slightly increased. Despite the decline, RUNE maintains a market cap ranking of #50, valued at $1.53 billion.
December 19, 2023 | 7:03 pm
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RUNEUSD has experienced a significant price drop of 5.34% in the past day and a 10% decrease over the past week, with a decrease in trading volume but a slight increase in circulating supply.
The price of RUNEUSD has fallen significantly, which is typically a bearish indicator for short-term price movement. The decrease in trading volume suggests lower investor interest, which could further pressure the price. However, the increase in circulating supply is a less significant factor compared to the price and volume changes.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100